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This endorsement forms a part of the Declarations to which attached, effective on <br />the inception date of the coverage unless otherwise stated herein, and modifies such <br />coverage esisafforded bythe provisions ofthe coverage shown below: <br />Member San Marcos <br />Member ID 8475 <br />Effective Date : 10/01/2017 <br />It is understood and agreed that loss or damage to the mobile equipment described in this <br />ndorsem ntshaUbe paid as interest to the organization d <br />US Bancorp Government Leasingand Finance Inc KHemhaU <br />13lOMadrid St#IOI <br />Marshall, MN 56258 <br />The most we will pay for any loss to the described equipment is the lesser of: <br />1. the value indicated below, or; <br />Z. the replacement cost or actual cash value of the equipment, based on the valuation <br />method selected bythe member, minus the applicable deductible. <br />Designation or Description of Equipment <br />Year &4ake/Mode| Serial Number Value <br />2016 Gradall 3140000384 $387,000 <br />TEXAS MUNICIPAL LEAGUE INTERGOVERNMENTAL RISK POOL <br />